Principal Securities Inc. Raises Stock Position in RiverNorth Opportunities Fund, Inc. (NYSE:RIV)

Principal Securities Inc. lifted its holdings in RiverNorth Opportunities Fund, Inc. (NYSE:RIV) by 6.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 165,714 shares of the company’s stock after buying an additional 10,247 shares during the quarter. Principal Securities Inc.’s holdings in RiverNorth Opportunities Fund were worth $1,904,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. GHP Investment Advisors Inc. purchased a new position in RiverNorth Opportunities Fund in the 3rd quarter worth approximately $27,000. SeaCrest Wealth Management LLC raised its position in shares of RiverNorth Opportunities Fund by 7.2% during the fourth quarter. SeaCrest Wealth Management LLC now owns 24,086 shares of the company’s stock valued at $277,000 after buying an additional 1,608 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in RiverNorth Opportunities Fund during the third quarter valued at $568,000. Strategic Financial Concepts LLC increased its holdings in RiverNorth Opportunities Fund by 1,171.6% in the 4th quarter. Strategic Financial Concepts LLC now owns 190,734 shares of the company’s stock valued at $2,192,000 after acquiring an additional 175,734 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its holdings in RiverNorth Opportunities Fund by 2.0% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 253,229 shares of the company’s stock valued at $3,273,000 after acquiring an additional 4,989 shares during the last quarter.

RiverNorth Opportunities Fund Price Performance

RIV opened at $12.42 on Wednesday. RiverNorth Opportunities Fund, Inc. has a 52 week low of $11.20 and a 52 week high of $12.96. The firm has a 50-day simple moving average of $12.05 and a two-hundred day simple moving average of $12.35.

RiverNorth Opportunities Fund Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were given a dividend of $0.1277 per share. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a yield of 12.64%.

RiverNorth Opportunities Fund Profile

RiverNorth Opportunities Fund, Inc is a close ended equity mutual fund co- launched and co- managed by ALPS Advisors, Inc and RiverNorth Capital Management, LLC. It invests in the equity markets. The fund seeks to invest in stocks of companies operating across the diversified sectors. RiverNorth Opportunities Fund, Inc was formed on December 24, 2015 and is domiciled in the United States.